Photographers Could Get Royalties on Auction Sales Under Proposed Federal Bill

By David Walker

Few things are as frustrating to photographers as selling a print for a few thousand dollars–or less–then watching collectors reap huge profits by re-selling those same prints at auction years later for tens of thousands of dollars–or even more.

Two US Senators and a US Congressional representative have introduced a bill to cut visual artists in on that action with a 5 percent royalty on the price of visual works re-sold at auction. If it becomes law, the bill would apply only to works sold by auction houses–not by private individuals or dealers–and only when the auction price of a work …read more

Via: PDN Pulse


Marco | Editor

Editor at large and founder of a bunch of stockphoto businesses

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